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CIRE Equity · 1 day ago

Senior Asset Manager

United States

Full-time

Remote

Mid, Senior Level

$150K/yr - $200K/yr

3+ years exp

CIRE Equity is an entrepreneurial, growth-oriented company focused on the creation and preservation of wealth through targeted investments in commercial real estate in the Western United States. The Senior Asset Manager will closely monitor, maintain, and enhance the financial performance of each asset, performing tasks in all aspects of asset management including acquisitions, dispositions, and operations.

ConsultingProperty ManagementReal Estate

Growth Opportunities

Responsibilities

Serve a key role in the acquisitions and disposition process, including establishing strategy, market analysis, underwriting, due diligence, on-boarding, and execution

Analyze OM, RFPs, BOVs

Study and analyze market and sub-market dynamics, risk adjusted returns

Create short term and long-term strategy / business plan for the asset

Implement leasing, budgeting, capital improvements, and other

Review and make recommendations regarding debt

Abstract and understand leases, CC&Rs, and all documents controlling the property

Manage property-level relationships with tenants, vendors, and all other stakeholders

Lead the on-boarding or disposition process

Work closely with VP of Asset Management to establish, implement, monitor, and adjust the global strategy for each asset and maintain a deep understanding of the performance and trajectory of each asset

Create, present to ET and execute asset-level and portfolio-level business plans and long-term strategy, KPIs to align with company expectations

Execute on leasing, capital, finance, debt, and operations of each asset

Build relationships in the market with key players

Build and maintain strong market knowledge, understanding all dynamics affecting the asset

Manage the leasing team and spearhead all leasing/marketing efforts, including, execution of logistics, related to each asset

Establish and align expectations with the leasing team and internal goals/KPIs

Evaluate and monitor the performance of the leasing team on an ongoing basis

Draft, review, and negotiate LOIs and leases, renewals, lease amendments, commission agreements with tenant rep brokers, and other documents up to 5,000 SF

Screen and qualify potential tenants through background checks, financial data review and tenant interviews

Prepare financial analysis on lease proposals to present to executive team

Proactively manage tenant expirations, occupancy, and merchandising on each asset

Have an in-depth knowledge of the market and competing properties

Oversee all aspects related to operation and performance of each asset

Collaborate with internal and external legal on all asset-related issues

Collaborate with property management to ensure alignment with budget, strategy, and relationships

Build relationships with tenants, vendors, and other property owners

Create and execute annual operating budgets, in conjunction with executive team and property manager(s)

Perform regular property site visits to ensure proper maintenance and leasibility of assets

Initiate appeals on property taxes

Be a key decision maker regarding credit issues and defaults within the portfolio

Ensure compliance with all loan covenants is maintained at each property

Coordinate strategy on property refinancing, loan extensions, and loan restructuring

Understand loan structure and lender requirements

Manage critical dates and deliverables

Maintain an understanding of the financial condition and performance of each property and proactively identify capital needs or deviations from the business plan

Review monthly financials

Review and understand any variances on the monthly financials

Track and review capital expenditures, CIP, and tenant ledgers

Provide narrative on Proforma variance

Oversee all construction efforts in the portfolio (internal and external) and ensure proper setup, execution, and timely completion with minimal liability to each tenant and/or property

Coordinate with construction on tenant build-outs, and tenant openings

Support any entitlement processes

Work with local municipalities to build relationships

Familiarize with local laws and future plans impacting the property

Qualification

Commercial real estateAsset managementFinancial analysisMicrosoft ExcelNegotiation skillsInterpersonal skillsProblem-solvingAttention to detailCommunication skills

Required

Bachelor's degree required; preferred concentration in business or finance

3+ years of experience in commercial real estate (retail, industrial, office) with a minimum of a minimum 2 years in commercial real estate asset management

Ability to travel 25% of the month across U.S. markets

Self-motivated, inquisitive, and passionate

Strong interpersonal and communication skills

Highly effective transactional and negotiation skills

Strong analytical and strategic skills

Ability to solve problems and deal with a variety of variables in unique situations where only limited standardization exists

Detail oriented and able to maintain a high quality of work under pressure

Ability to read and interpret legal documents such as commercial leases, CC&R's, listing agreements, management agreements, loan agreements and service contracts

Ability to write clear, professional reports and correspondence

Excellent grasp of real estate financial statements including profit and loss statements, balance sheets and cash flow statements

Highly proficient or capacity to learn real estate finance with ability to perform ad hoc financial analysis and calculate NOI, IRR and ROE

Ability to assist in document preparation

Highly proficient in Microsoft Excel